Paragraph 15

United Kingdom

The issuing company is a qualifying issuing company in relation to the relevant shares if the requirements of this Part are met as to—

(a)

unquoted status (see paragraph 16);

(b)

independence (see paragraph 17);

(c)

individual-owners (see paragraph 18);

(d)

partnerships and joint ventures (see paragraph 19);

(e)

qualifying subsidiaries (see paragraph 20);

F1(ea)

property managing subsidiaries (see paragraph 21A);

(f)

gross assets (see paragraph 22); F2...

F3(fa)

number of employees (see paragraph 22A); and

(g)

trading activities (see paragraph 23).

Annotations

F1: Sch. 15 para. 15(ea) inserted (22.7.2004) (with effect in accordance with Sch. 20 para. 15 of the amending Act) by Finance Act 2004 (c. 12), Sch. 20 para. 3
F2: Word in Sch. 15 para. 15(f) repealed (19.7.2007) by Finance Act 2007 (c. 11), Sch. 27 Pt. 2(16)
F3: Sch. 15 para. 15(fa) inserted (19.7.2007) by Finance Act 2007 (c. 11), Sch. 16 para. 1(2) (with Sch. 16 para. 1(4))